Tennessee House Bill HB0320

Tennessee 2023-2024 Regular Session

• Introduced: 1/20/23
• Refer: 1/30/23
• Refer: 2/22/23
• Refer: 2/28/23
• Chaptered: 3/28/23
• Passed: 3/28/23

Caption

AN ACT to amend Tennessee Code Annotated, Section 67-6-102, relative to industrial machinery.

Impact

The passage of HB 0320 is anticipated to enhance the operational capabilities of the Megasite Authority in West Tennessee by ensuring that it has the appropriate legal support to manage industrial investments and development projects. As the state continues to pursue economic growth through industrial expansion, the amendments included in this bill empower the Authority to effectively collaborate with other state departments. This is expected to streamline procedures and promote better resource allocation and utilization for industrial initiatives within the state.

Summary

House Bill 0320 aims to amend Tennessee's existing statutory provisions related to industrial machinery by specifically addressing the Megasite Authority of West Tennessee. This amendment updates Tennessee Code Annotated, Section 67-6-102, to include references to the Department of General Services in relation to the Megasite Authority, which facilitates economic development and supports infrastructure improvements in the designated area. The bill is designed to strengthen the legal framework that governs the operations and responsibilities of the Megasite Authority, thereby aiding in the development and management of industrial sites within its jurisdiction.

Sentiment

General sentiment surrounding HB 0320 appears to be positive, with widespread support for measures aimed at boosting economic development through improved regulatory frameworks. The bill received unanimous support during voting in the legislature, indicating a collective acknowledgment of the necessity of supporting the Megasite Authority as a mechanism for fostering industrial growth. Stakeholders from various sectors view the bill favorably as a step towards advancing Tennessee’s position in attracting and retaining businesses.

Contention

While the bill was largely supported, there remains a discussion about balancing industrial growth with environmental considerations. Some may voice concerns over the potential for increased industrial activities leading to environmental impacts in the region. However, these points of contention did not significantly affect the bill's approval, as proponents emphasized the benefits of economic development while asserting that the Authority would address environmental regulations as part of its oversight. The unopposed passage of the bill illustrates a strong legislative commitment to fostering industrial development in Tennessee.